Westboro MA Real Estate Market Report December 2012

Westboro Massachusetts Real Estate Market December 2012

Westboro MA Real Estate

 

 

 

 

 

Westboro MA Real Estate Activity For December 2012 vs December 2011

In December of 2012 there were 9 homes that closed within the month for Westborough MA. This is a decrease of 1 unit, as there were 10 homes that closed in December of 2011.

The Average list price for the homes that closed in December of 2011 was $358,930

The Average list price for the homes that closed in December of 2012 was $484,922

The Average sale price for the homes that closed in December of 2011 was $340,200

The Average sale price for the homes that closed in December of 2012 was $465,196

The Average Market time for the homes that closed in December of 2011 was 177 days.

The Average Market time for the homes that closed in December of 2012 was 127 days.

Westboro MA Homes Under Contract For December 2012

2 homes went under agreement in the month of December. The average list price of the homes that went under agreement was $604,900. The average time on the market for these homes were 124 days. With only 2 homes going under contract, this was not a very disappointing month. This is partially due to the fact that we are in the slowest time of the year combined with inventory levels that have become exceptionally low.

January 2009 – 2011 Final Year Real Estate Market Statistics For Westboro Massachusetts

In Westboro MA for the period of January to December of 2011 there were 140 properties sold.

In Westboro MA for the period of January to December of 2010 there were 149 properties sold.

In Westboro MA for the period of January to December 2009 there were 172 properties sold.

In Westboro MA for the period of January to December in 2011 the average list price was $469,826 the average sale price was $452,843 the average market time was 101 days.

In Westboro MA for the period of January to December in 2010 the average list price was $476,256 the average sale price was $453,802, and the average market time was 120 days.

In Westboro MA for the period of January to December in 2009 the average list price was $465,326 the average sale price was $443,595 and the average time on the market was 125 days.

Current Westboro MA December Inventory Levels

The are currently 43 homes on the market in Westboro MA. The average list price of these homes is $529,414. The average days on the market is 166.

Westboro MA Real Estate Market Analysis

In 2011 the Westboro Real Estate market had an decrease in the amount of homes sold as compared to 2010 although by a very small amount. Homes priced properly generally moved in a reasonable amount of time. There was still a downward trend in Real Estate values through out the year but the weakness occurred mostly in the upper end of the market (over 600k). The average days on market decreased from the previous two years. The lower end of the market (under 400k) remained strong with values holding firmer than in the upper ends of the Westboro market.

Current home inventory levels have dropped to the lowest levels they have been all year as we head into 2013. In fact I can not remember the last time there were less than 50 homes for sale in town. The amount of homes coming on the market has been less than homes closing which is very common for this time of year. The end of the year cleared out quite a bit of inventory. Lower inventory is always a good sign for those considering to sell their home as supply and demand is always a factor with Real Estate values. The month of December was average with nine closed sales.

Total Westboro real estate sales for 2012 were better than they were in 2011. In 2012 there were a total of 154 closings. In 2011 there were 140 sales. This is about a 10 percent increase over last year. Interestingly enough this was on the lower end of total sales increases when compared to other surrounding towns.

The above Westboro Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.

Click the link to see all Westboro MA Homes For Sale.

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About Bill Gassett

Bill Gassett is a nationally recognized Real Estate leader who has been helping people move in and out of the Metrowest Massachusetts area for the past twenty seven plus years. He has been one of the top RE/MAX Realtors in New England for the past decade. In 2013 he was the #1 RE/MAX agent in Massachusetts. Connect with him on

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Massachusetts Real Estate exposure is a marketing site designed to give Massachusetts home seller’s a dominant online presence. Massachusetts Real Estate Exposure is owned and operated by RE/MAX Realtor Bill Gassett, who covers the Metrowest Massachusetts area and beyond including Ashland, Bellingham, Blackstone, Framingham, Franklin, Grafton, Holliston,, Hopkinton, Hopedale, Medway, Mendon, Milford, Millbury, Millville, Northborough, Northbridge , Shrewsbury, Southborough, Sutton, Wayland, Westborough, Worcester, Upton and Uxbridge MA. Bill Gassett was the #1 RE/MAX Realtor in all of Massachusetts in 2013.